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Liquiditypool

EURUSD: Bearish Institutional Order Flow Ahead!Greetings Traders! Current Market Analysis: At the moment, EURUSD is exhibiting multiple signs confirming a bearish institutional order flow. Key Observations: Divergence with DXY: Yesterday’s price action formed a divergence with the DXY (Dollar Index). Utilizing the Smart Money Tool (SMT), we recognize that such a divergence—where EURUSD and DXY, which usually move symmetrically, exhibit non-symmetrical movement—signals an anticipated reversal in price action. This divergence resulted in the price continuing downward after the buy stops were taken, indicating a bearish draw. H1 Bearish Order Block: The primary point of interest is the H1 bearish order block. The presence of inefficiencies (liquidity voids and fair value gaps) below it signifies that it is a strong order block likely to be respected by the price. Secondary Consideration: If the H1 bearish order block does not hold, the next point of interest is the H1 buy stops. If these buy stops are taken, I will look for a confirmation entry to the downside. Trading Strategy: Focus on Bearish Order Flow: Given the evidence of bearish institutional order flow, I am targeting the H1 bearish order block as the primary entry point for short positions. Contingency Plan: Should the H1 bearish order block fail to hold, I will wait for the H1 buy stops to be taken before considering a confirmation entry towards the downside. Target Levels: Draw on Liquidity: The targets are displayed on the chart, with a specific focus on the engineered trendline liquidity. Sell stops are resting below these lows, making them a prime objective. Conclusion: By understanding the current bearish institutional order flow and leveraging key support and resistance levels, we can effectively anticipate and execute trades on EURUSD. The divergence observed with DXY and the strong H1 bearish order block support a bearish outlook, guiding our strategy towards taking advantage of short opportunities in the market. For a detailed explanation on how to use the Smart Money Tool (SMT), please follow this link to one of my lectures: Understanding Trend Analysis, SMT and ICT Concepts Happy Trading, The_Architect
Short
by The_Archi-tect
Week of May 19 - NDX/VIX/10y/OilNew record highs on indexes!! The DJI broker 40k, and CME_MINI:NQ1! itself broke to nATH as well. CBOT_MINI:YM1! never actually made a nATH, but cash DJ:DJI did - so I wan waiting for that to resolve itself. The good news is that CME_MINI:NQ1! has a really clean weekly chart here, so I will be focusing on that this week instead of the Dow. I think we are entering the final blow-off phase of the markets where we could see a final up leg that takes us vertical to 50k on the Dow, 7k on SPX, and 22k on NDX. That said - I still see Q4 as being super weak, but the market wants to go higher and it will get its wish with the VIX and bond market helping along - but I will cover that later. Nasdaq Last week, we made a nATH which is great. From HERE - I want to see a pullback on CME_MINI:NQ1! to around $18k. This is a weekly FVG as well as ~50% pullback from the ATH. This will also satisfy our ERL -> IRL move. Once we take that out, we can see a weekly Fib projection of 19.6k - and at that point I think they would just muscle this thing to 20k. VIX Our poor baby TVC:VIX - what have they done to you!? Friday was OPEX so I was expecting to see them pin price somewhere as they drained the VIX dry - and thats exactly what they did. VIX nLOY - and we almost swept the 2023 lows which is a 4 year low. The TRAP in all of this - is that I do NOT want to be looking for Longs with a VIX that is at multi-year lows. I want the VIX to pop to help pressure indexes for a normal pullback. The faster the pullback and the higher the VIX - the sooner we can get on with this final leg of a 40 year bull market. Bonds I have been watching the 10yr note really closely as it looks like rates are going to backtest higher before resuming lower. A slight backup in rates, along with a VIX pop, SHOULD give us the needed pressure on indexes to get a proper pullback to buy. The longer term picture is still much lower for rates from here as the economy continues to weaken. Stocks won't care WHY rates are dropping - at least not for a while. So long as we have a low-ish VIX, and bonds are bid - the indexes (especially tech) will FLY higher. Oil Oil FINALLY gave us some weekly context we can start leaning against. Oil is starting to march lower and this week was just the pullback into a weekly IRL level. From HERE, I want to see Oil continue to march lower on the weekly. This will continue to ease inflation - which will drop rates - which will bid bonds - which will allow indexes to FLY. Everything is starting to align for a final leg up in a parabolic - exactly what David Hunter has been talking about. So here is the setup I am watching for this week; I am looking for indexes to start a pullback this week led by NQ. Any pullback I expect to be fast and sharp - so that nobody can capitalize on it. Set your alerts - I am looking for ~ 18k on NQ1! I want to see the 10yr sweep the highs of last week, and then continue to march lower. This added pressure from the Bond market will weight on indexes. I want to see oil start a march lower from here. The next weekly target for me is down around 75.6 Until next week - We'll be watching.
CME_MINI:NQM2024Short
by Baero-Trading
GBPUSD: Exploring Potential Sell OpportunityCurrently, GBPUSD has successfully navigated through an m15 Order Block , prompting my focus on a draw towards the H1 Discount Sell Stops. Given GBPUSD's bearish institutional order flow on higher timeframes, I anticipate key bearish price discovery arrays, like Order Blocks, to exert downward pressure on prices. Furthermore, discount prices feature relatively equal lows acting as engineered liquidity, serving as a compelling draw for price movement. I've entered a confirmation entry off the Order Block to capitalize on these dynamics. Kind Regards, The_Architect
Short
by The_Archi-tect
GBPUSD: Exploring Potential Buy Opportunities (LDN Session)Currently, my focus is on observing the H1 Bullish Order Block, which notably incorporates an embedded m15 Bullish Order Block. This configuration appears robust, particularly due to the presence of inefficiencies such as the Liquidity Void and Fair Value Gap. Upon market movement, my anticipation is for price to gravitate towards the liquidity provided by the m15 buy stops. Ultimately, my strategic objective is aimed at reaching the m15 Bearish Inducement Order Block, which, notably, entails a liquidity void awaiting fulfillment. Wishing you a week filled with profitable opportunities, The_Architect
Long
by The_Archi-tect
Dollar CPI Alert: Potential Buyside Draw for DXY🚨 High Impact News Alert! 🚨 News Release: Core CPI Time: 08:30 NY Time Attention traders! Core CPI news is slated for release at 08:30 NY Time . 🕣 Brace yourselves, as this news is known to inject significant volatility into the market. My analysis indicates a potential upward movement for DXY. The aim is to address inefficiencies lingering from last week's downward trend, which specifically targeted the Daily Sell Stops and mitigated the Daily Order Block. Adopting the perspective of Smart Money, we have the understanding that Smart Money used the Buy Stops for Order Pairing . Capitalizing on market inefficiencies such as Volume Imbalances and Liquidity Void will be the objective. Our target is the Daily Bearish Order Block, marking a return to Fair Value (Liquidation Zone). This strategic approach positions us to anticipate directional moves in USD-based pairs, potentially signaling a Bearish Idea, I will be looking at a Bearish Idea on GBPUSD. Stay tuned for a detailed video analysis and further updates as we navigate these dynamic market conditions. 📈💼 Kind Regards, The_Architect
TVC:DXYLong
by The_Archi-tect
Understanding Trend Analysis, SMT and ICT ConceptsIn this video, I'll delve into the concept of Institutional Market Structure, a vital tool for trend analysis. Specifically, we'll explore the Smart Money Tool/Technique (SMT), which provides insights into whether a market will continue its trend or potentially reverse. Understanding these concepts is crucial for effective trading strategies. Sit back, relax, and enjoy the video! Please do leave any questions in the comment section if you have any. Kind Regards, The_Architect
Education
by The_Archi-tect
4
GBPUSD: Exploring a Possible Sell OpportunityAt present, prices are at extreme premium levels, with a notable reaction from a premium m15 Order Block , in mitigating the Order Block we also filled the Liquidity Void left by yesterdays CPI News Release . A market structure shift (MSS) has occurred, suggesting a potential reversal as we aim to target the H4 Sell Stops, our Draw On Liquidity. Additionally, there's a possibility of capitalizing on the m15 Buy Stops , particularly as it aligns with the Asian High . Should the H1 Breaker Block fail, I will consider selling against the m15 Buy Stops upon confirmation. Kind Regards, The_Architect
Short
by The_Archi-tect
4
NQ Power Range Report with FIB Ext - 3/1/2024 SessionCME_MINI:NQH2024 - PR High: 18082.50 - PR Low: 18044.75 - NZ Spread: 84.25 Key economic calendar events 09:45 | S&P Global US Manufacturing PMI 10:00 | ISM Manufacturing PMI - ISM Manufacturing Prices Knocking on door of ATHs - First day of month on a Friday - Above week highs - Previous attempt to push ATHs failed same day - Should have more excitement for ATH break Evening Stats (As of 1:35 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 233.32 - Volume: 32K - Open Int: 294K - Trend Grade: Bull - From BA ATH: -0.01% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18106 - Mid: 16963 - Short: 16391 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQH2024Long
by mv3trader5
NQ Power Range Report with FIB Ext - 2/7/2024 SessionCME_MINI:NQH2024 - PR High: 17662.75 - PR Low: 17646.00 - NZ Spread: 37.25 Key economic calendar events 10:30 | Crude Oil Inventories 13:00 | 10-Year Note Auction Prev session faded into daily inventory - Trading inside range of prev 3 sessions - Maintaining high and low liquidity Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 228.54 - Volume: 25K - Open Int: 285K - Trend Grade: Bull - From BA ATH: -0.7% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18106 - Mid: 16963 - Short: 16391 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQH2024Long
by mv3trader5
GMX : How to detect REVERSAL PATTERN ??GMX has been trading within a significant horizontal range since May 2023, experiencing rebounds from both the lower and upper boundaries. The recent attempt to break out and subsequent sharp decline raises the possibility of a retest of equal lows around $42. Anticipating this retest and observing liquidity dynamics could provide insights into the potential for an upward move. 🔄 Horizontal Range Trading Analysis: The extended period of trading within a horizontal range highlights a balanced market sentiment, with buyers and sellers engaged in a tug-of-war. GMX has shown resilience in bouncing off both the lower and upper boundaries, but the recent failed attempt at a breakout led to a notable decline. 📉 Failed Breakout and Retest Anticipation: The unsuccessful attempt at a local breakout followed by a sharp decline suggests a temporary imbalance in favor of sellers. Anticipating a retest of equal lows around $42 becomes plausible, considering historical price action within the range. 🔍 The Significance of Liquidity: The concept of liquidity becomes crucial in understanding potential market movements. The anticipation of a retest at $42 implies a zone where liquidity may accumulate. Observing the reaction to this level and the subsequent behavior of liquidity can offer valuable insights into the potential for a bullish reversal. 🚀 Potential Scenarios: Equal Lows Retest: A retest of equal lows around $42 would be a critical juncture. The market's reaction to this level, especially in terms of liquidity dynamics, would provide indications of buyer interest. Liquidity Accumulation: The accumulation of liquidity at the retest level could act as a catalyst for a potential upward move. Increased buying interest and a shift in the balance of supply and demand could signal a reversal. Confirmation of Reversal: Traders should await confirmation, such as a sustained move above resistance levels and the establishment of higher highs, to validate the potential for a bullish reversal. 💡 Trading Strategy: Traders considering GMX should exercise caution and await confirmation signals. Entering a position near the anticipated retest level could offer a favorable risk-reward ratio. Implementing stop-loss orders below key support levels is advisable to manage risk effectively. 🔮 Future Outlook: The technical analysis suggests that GMX is at a critical juncture, with the potential for a retest of equal lows around $42. Traders should closely monitor the price action, liquidity dynamics, and confirmation signals to navigate potential opportunities for a bullish reversal. The cryptocurrency market's dynamic nature emphasizes the importance of adaptability and risk management in trading decisions.
by AlexWhale
BTC - HUGE LIQUIDITY POOL ! MANIPULATION TO GROW FASTERBitcoin's (BTC) recent month-long consolidation within a range has presented traders and investors with a unique set of challenges and opportunities. The repeated removal of liquidity from the upper levels of the range has been a notable strategy, but a shift in approach—removing liquidity from below—could be a catalyst for sustained upward momentum, aiming for the $55,000 level. 📉 Range-Bound Trading Analysis: The month-long consolidation in a range suggests a period of indecision in the market. During this time, liquidity has been consistently extracted from the upper levels, indicating a reluctance for a sustained breakout. To break out of this range and pursue higher price targets, a change in liquidity dynamics may be necessary. 🔄 Shifting Liquidity Strategies: While removing liquidity from the upper levels has been effective in maintaining the current range, a shift in strategy to extracting liquidity from below could serve as a game-changer. Creating a substantial liquidity pool at lower levels can potentially act as a strong support, making it less likely for the price to revisit those levels and allowing for a more sustainable upward move. 🚀 Targeting $55,000: To propel Bitcoin toward the $55,000 level, a strategic placement of liquidity pools at lower levels becomes crucial. This approach aims to discourage significant downward moves and provides a solid foundation for sustained upward momentum. The market's ability to hold above key support levels created by these liquidity pools is essential for achieving the targeted price. 💡 Trading and Risk Management: Traders and investors should carefully monitor the effectiveness of this shift in liquidity strategy. Confirmation of increased buying interest, rising trading volumes, and a successful defense of lower support levels can provide the necessary signals to justify the approach. Risk management remains paramount, with stop-loss orders and exit strategies in place to mitigate potential losses. 🔍 Key Considerations: Liquidity Shift: Evaluate the impact of transitioning from extracting liquidity at the top of the range to creating substantial liquidity pools at lower levels. Support Formation: Assess the effectiveness of the new liquidity strategy in forming robust support levels, especially in the context of preventing significant downward moves. Confirmation Signals: Look for confirmation signals such as increased buying interest, rising volumes, and sustained price action above critical support levels. Risk Mitigation: Implement effective risk management measures to safeguard against unexpected market developments. 🔮 Future Outlook: The success of this liquidity strategy shift will likely play a crucial role in Bitcoin's ability to break out of the range and target higher price levels. Traders and investors should remain vigilant, adapt their strategies to evolving market conditions, and be prepared to adjust course based on real-time data and developments in the cryptocurrency landscape.
INDEX:BTCUSD
by AlexWhale
Fair Value Gap Trading StrategyFair Value Gap Trading Strategy To implementing a fair value gap as a trading strategy you need to understand these three basic components of this trading strategy. Time Liquidity Hunt Market Structure Shift Fair Value Gap Let’s begin by discussing the importance of time in trading. According to ICT Trader, time is considered to be fractal, meaning that what happens on higher time frames is reflected in lower time frames if studied in the proper context. In this context, fractal refers to the idea that patterns and behaviors observed on longer time frames, such as daily or weekly charts, can be seen in shorter time frames, like hourly or minute charts. By studying price action and market behavior across different time frames, traders can gain a deeper understanding of market dynamics and potentially identify profitable trading opportunities. Time indeed holds significant importance in the fair value gap trading strategy, particularly when it comes to identifying favorable trading setups. Despite the forex market being open 24 hours a day, not all times present ideal conditions for executing fair value gap trades. That’s where the concept of ICT Kill Zones comes into play. ICT Kill Zones ICT Kill Zones refer to specific time periods during the day that have been observed to offer higher probability trading opportunities. These zones are associated with the entry of smart money, which are institutional or banks who have the ability to influence market direction. In short, ICT Kill Zones correspond to specific time periods during the day that are particularly relevant for trading activities. These zones include the London Open, London Close, New York Open, and New York Close. Traders using the fair value gap trading strategy often focus on these times as they tend to offer higher probability trading setups. The ICT Kill Zones are associated with the entry of smart money and can provide enhanced opportunities for traders to capitalize on market movements. By aligning their trading activities with these specific time periods, traders aim to improve their chances of success. Liquidity in FVG Trading Strategy Liquidity in the market often takes the form of buy stops and sell stops.market makers or smart money intentionally trap retail traders by manipulating prices to trigger their stop losses. The idea is that they move the market in one direction to hunt for stop losses, causing retail traders to place orders in the false direction and set their stop losses at key levels. After the stop loss hunt, the market reverses in the opposite direction, benefiting the smart money. Let’s analyze the above chart from a retail trader’s perspective. When we observe the chart, we notice that the price levels between 44240 and 44280 have proven to be strong resistance in the past. Based on this observation, many retail traders might place their selling pending orders to anticipate of a price reversal at these levels. To manage their risk, they would likely set their stop loss orders just above this resistance area. What is done by market makers or smart money,they could manipulate the market by initially pushing the price upward, deliberately triggering the stop loss orders placed by retail traders. This action would cause some retail traders to think that a breakout is occurring and prompt them to place buying orders while setting their stop losses at levels below the resistance area. Once the stop loss orders have been hunted and triggered, the market makers or smart money may then reverse the price direction. Enhancing Trading Success with the Fair Value Gap Entry Strategy After a liquidity hunt on a higher time frame, you suggest switching to lower time frames such as 15 minutes, 5 minutes, 3 minutes, or even 1 minute to identify certain patterns that may emerge following the stop loss hunt. These patterns include: 1.Sudden or sharp price movements: Following the liquidity hunt, you may observe rapid and significant price fluctuations on the lower time frames. This sharp movement causing market structure shift and provide an extra confluence. 2. Fair value gap (FVG): Look for gaps between the current price and the fair value of the asset. The fair value represents the equilibrium price based on various factors. Identify instances where the market price deviates significantly from this fair value. 3. Entry position based on the Fair Value Gap strategy: Once you spot a fair value gap pattern after the liquidity hunt, you can consider taking a position in anticipation of the market filling that gap. The expectation is that the market will eventually return to the fair value price. It’s important to carefully train your eyes to recognize these patterns after a liquidity hunt and patiently wait for the market to come back and fill the identified gap. Once you have identified a suitable entry position, you can place your stop loss order above the first candle to manage your risk. Please note that implementing such strategies requires careful analysis, experience, and a deep understanding of the specific market you are trading. It’s crucial to conduct thorough research, backtest your strategy, and consider other factors that may influence price movements before making any trading decisions.
Education
by Golden_Star1994
🔄 ETC vs ETH Liquidity pool compariosnEthereum Classic (ETC) and Ethereum (ETH), two prominent cryptocurrencies, often find themselves compared due to their shared history. An intriguing aspect of their comparison is the formation of a similar liquidity pool from below, providing valuable insights into their respective price actions. 📉 Common Liquidity Pool Formation: Both ETC and ETH experienced the creation of a substantial liquidity pool from below, a phenomenon that typically precedes significant market movements. This liquidity pool acted as a catalyst, setting the stage for a potential upward surge. 🔄 Diverging Paths: Despite the shared liquidity pool formation, the subsequent actions of ETC and ETH diverged significantly. Ethereum Classic (ETC) managed to seize a considerable portion of this liquidity, leading to a robust price rally. In contrast, Ethereum (ETH) opted for a different trajectory, establishing a higher low and retaining a portion of the liquidity. 🚀 Ethereum Classic (ETC) Performance: ETC showcased notable strength, evidenced by its impressive surge of over 70%. The strategic utilization of the formed liquidity pool contributed to this bullish momentum, making ETC an attractive option for traders and investors during this period. 📈 Ethereum (ETH) Resilience: Ethereum (ETH), opting for a conservative approach, demonstrated resilience by forming a higher low and retaining a portion of the liquidity pool. While ETH experienced positive price action, the magnitude of the surge was comparatively moderate, registering an approximately 30% increase. 🔍 Key Takeaways: Differential Strategies: ETC and ETH employed different strategies in responding to the formed liquidity pool, influencing their subsequent price movements. ETC's Aggressive Rally: ETC's more aggressive approach in capturing liquidity translated into a robust price rally. ETH's Conservative Stance: ETH, adopting a more conservative stance, showcased resilience but with a relatively milder price increase. 🔮 Unlock Exclusive Insights: Unlock my 3 crypto trading indicators for FREE! Links are below 🔗 Note: Cryptocurrency markets are dynamic, and past performance is not indicative of future results. Traders are advised to conduct thorough research and exercise caution in their investment decisions.
BINANCE:ETHUSDEducation
by AlexWhale
How Manipulations will help us to get 50K ?? In the ever-evolving landscape of Bitcoin trading, the king of cryptocurrencies is showcasing a strategic dance within an ascending range. Bitcoin's adept utilization of liquidity grabs, especially the recent one from the lower end of the range, sets the stage for a potential surge towards the $50,000 mark. Key Observations: Ascension in an Ascending Range: Bitcoin is currently navigating an ascending range, a pattern characterized by higher lows and higher highs. This range-bound behavior provides a fertile ground for tactical maneuvers that capitalize on liquidity imbalances. Liquidity Grabs as a Strategic Play: Bitcoin has been adeptly executing liquidity grabs, feigning breakouts to capture liquidity from both ends of the range. These maneuvers not only create volatility but also serve as a means to accelerate price movements. Recent Liquidity Grab from the Lower Range: Fakeout Below Support: Bitcoin recently executed a fakeout below the lower boundary of the range, triggering concerns of a breakdown. This move lured in sellers and initiated a cascade of stop-loss orders. Strategic Liquidation and Bounce: The fakeout led to the liquidation of short positions, providing liquidity for savvy market participants. Bitcoin swiftly bounced back, recapturing the lower boundary and leaving in its wake a trail of squeezed short positions. Implications and Future Outlook: Speeding Towards $50,000: The recent liquidity grab from the lower range, coupled with the subsequent rebound, sets the stage for a potential surge. Bitcoin enthusiasts and traders are eyeing the $50,000 level as the next significant milestone. Volatility Breeds Opportunities: The series of liquidity grabs within the ascending range create an environment ripe for traders to capitalize on short-term fluctuations. Traders employing nimble strategies can leverage the heightened volatility for tactical entries and exits. Strategies for Traders: Range-Bound Strategies: Traders can consider range-bound strategies, anticipating bounces from support and resistance levels within the ascending range. Monitoring Key Levels: Keep a watchful eye on key levels within the range, as breakouts or breakdowns from these levels could signal the next directional move. Conclusion: Navigating Bitcoin's Liquidity Chessboard Bitcoin's adept utilization of liquidity grabs within the ascending range reveals a nuanced approach to market dynamics. As the cryptocurrency aims for the $50,000 threshold, traders should stay vigilant, ready to adapt their strategies to the unfolding chessboard of liquidity. 🌊 Ascending Range Tactics | 🚀 Strategic Liquidity Grabs | 💡 Navigating Volatility for Profits 💬 Share your insights on Bitcoin's recent moves and your strategies for navigating its journey towards $50,000! 🌐✨
Long
by Yaroslav_Krasko
GBPUSD 1.26667 - 0.13% SHORT IDEAHELLO TRADERS Last Day of the week hope everyone is good. A LOOK AT GBP/USD AHEAD OF THE RED FILLED CALENDAR * With the DXY continuing towards the buy side, GBP/USD MIGHT CONTINUE TOWARDS tha sell side. * A Retracement towards the daily open into the imbalance would be great before continuation.. * Relative equal lows as targets + the bullish FVG BELOW * DXY possibly bullish for the day. 15 MIN GBP/USD lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Short
by PULEMokhothu
2
LINK: Sweeping lows to Grow Faster 🚀💰Let's unravel the latest dynamics of Chainlink (LINK) as it navigates the crypto seas with a distinctive flair. LINK is currently dancing within an ascending channel, and recent liquidity sweeps above the upper boundary signal intriguing possibilities. Here's a breakdown of the current scenario and what traders might expect in the upcoming chapters. 📊🚀 Analyzing LINK's Chart: Ascending Channel and Liquidity Game Ascending Channel Dynamics: Charting the Trajectory: LINK is gracefully traversing within the confines of an ascending channel, showcasing a structured upward movement. Technical Significance: Ascending channels are often indicative of bullish trends, with higher highs and higher lows characterizing the pattern. Strategic Liquidity Sweeps: Breaking the Chains: Recent moves have seen LINK surging beyond the upper boundary of the channel, executing strategic liquidity sweeps. Fueling the Surge: The clearing of liquidity above resistance levels, often driven by stop-losses, acts as fuel for potential upward acceleration. Trading Strategy Insights: Retesting the Waters: Ideal Scenario: A retreat to retest the channel's upper boundary around $12 would not only validate the breakout but also offer an optimal entry point. Pooling Liquidity: A potential drop to $12 can attract liquidity and set the stage for a robust upward move. Catalysts for Growth: Stop Loss Dynamics: Recognizing that stop losses act as accelerators for upward movements, the market may capitalize on these fueling mechanisms. Key Levels: Keep a keen eye on critical levels, especially the retest around $12, for potential trend confirmation. Price Projection: Optimistic Outlook: In the event of successful retests and sustained bullish momentum, LINK could eye a significant hurdle at $20. Conclusion: Chainlink's dance within the ascending channel, coupled with strategic liquidity sweeps, sets the stage for an exciting chapter. Traders are advised to observe the potential retest around $12 as a strategic entry point, acknowledging the role of stop-loss dynamics in fueling rapid upward movements. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale